Newmont Mining News

Investors pile into Peru’s $2 billion Michiquillay copper project

Companies have until Nov. 2 to sign up for the auction and the winner will be announced on Dec. 20

Newmont begins production at Tanami expansion project in Australia

Company expects to increase gold production at Tanami by 80,000 ounces annually, reaching between 425,000-475,000 ounces a year.

Peru to auction $2 billion Michiquillay copper project in November

The massive project is expected to process close to 80,000 tonnes of copper ore a day.

Newmont Mining reshuffles management in Australia

Newmont Mining Corporation has appointed experienced miner Alex Bates to lead the company’s business in Australia.

Beyond the Mine: Newmont publishes 2016 Sustainability Report

Newmont Mining Corporation today published Beyond the Mine, the Company’s annual report on its progress toward achieving its purpose – to create value and improve lives through sustainable and responsible mining.

Newmont open to new partner to expand Yanacocha gold mine in Peru

A potential expansion would allow South America's largest gold mine generate about 200,000 ounces of the precious metal per year between 2020 and 2025

Freeport halts Grasberg mine, begins sending workers home

The firm has not been able to ship copper from the mine in over a month due to a ban on concentrate exports that kicked in on January 12.

Freeport may curb Indonesia operations if Grasberg deal delayed further

Miner says that each month of delay in obtaining approval to export means production would be reduced by 70 million pounds of copper and 70,000 ounces of gold.

Freeport may resume copper exports from Indonesia in ‘a day or two’ — authorities

Government is considering to extend the miner a temporary permit, valid for up to six months, which would pave the way for Freeport to resume exports from Grasberg.

Nickel prices plummet as Indonesia eases export ban

Far-reaching new mining rules ease a controversial ban on exports of nickel ore and bauxite.

Newmont begins production at its Suriname gold mine

Merian gold mine was completed on time and more than $150 million — about 20% — below its initial capital budget.

Newmont’s own investigation shows it violated international standards, and its own

Denver-based Newmont Mining “prioritized eviction and litigation over dialogue” in its fight to acquire Goldman Prize winner Máxima Chaupe’s land in Peru.

Newmont ranked mining industry leader by Dow Jones Sustainability World Index for second year in a row

Newmont was the first gold company named to the index in 2007, and has been included on the DJSI North America Index every year since 2006.

Rising gold price not lifting all boats

Two major gold stocks shot up by more than 40% in July, but there's been notable losers with Goldcorp dropping to fourth most valuable gold miner.

Newmont selling Indonesian unit for $1.3 billion

With the sale, Newmont is offloading its Batu Hijau mine, Indonesia’s the second-biggest copper and gold operation.

Indonesian group to buy control of Newmont unit for $2 billion

Panigoro, the founder of oil and gas firm PT Medco Energi Internasional Tbk, has agreed to buy a controlling stake in Newmont Mining Corp's local metals operations.

AngloGold Ashanti digs itself out of debt

The world’s third-largest gold producer returned to profit in the fourth quarter, did not manage to avert posting a net loss for 2015.

Indonesia to ease mineral export ban from 2017

The measure is part of a wider revision of the 2009 mining law that led to Indonesia's export edicts and other regulations.

Peru's Garcia makes mining key pillar of his presidential campaign

The former president says lack of immediate benefits for communities has driven mining opposition causing the country to lose billions worth of gold and copper projects.

Newmont, Kinross likely to buy Barrick’s US gold assets

The company's president, Kelvin Dushnisky, said he expects the imminent sale of six U.S. assets to close before the end of the year.

AngloGold shares surge after selling U.S. mine

AngloGold Ashanti, the world’s third-largest gold producer, climbed its most in seven months after selling its Cripple Creek & Victor mine to Newmont Mining.

Newmont sells New Zealand mine to OceanaGold for $101 million

The deal also includes a $5 million contingent payment and a 1% royalty on a recent discovery north of Waihi’s current operations.

AngloGold, Newmont in talks over sale of Colorado mine

The sale would be one of the largest of a U.S. gold mine since the price of the precious metal began falling in 2013.

AngloGold a step closer to selling U.S. mine

Newmont, Kinross, Goldcorp and Iamgold among the companies said to be interested in all of part of Cripple Creek & Victor mine.

Newmont Mining ordered to turn over evidence to Peruvian wounded in protest

New human rights tool will shed light on the events leading to the paralysis of Peruvian farmer during repression of 2011 protest.